This is a question that many people face everyday. Instead of providing a complicated mathematical explanation telling you which is best, it truly does depend on your life situation and tolerance for risk.
Knowing how to answer the “should I pay off debt or invest” issue comes down to asking yourself a few simple questions, which I go over in this video.
Most people know themselves and their behaviors/tendencies, which will dictate how a big part of this strategy is actually implemented.
I try to explain how time in the market, tolerance for risk/debt, knowledge, and having a good safety net to start investing come into play.
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ABOUT ME 👇
My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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